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ECON44615: NATURAL RESOURCE ECONOMICS

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Type	Tied
Level	4
Credits	15
Availability	Available in 2023/24
Module Cap
Location	Durham
Department	Economics

Prerequisites

None

Corequisites

None

Excluded Combinations of Modules

None

Aims

To provide the students with an advanced knowledge and critical understanding of issues related to natural resource management.

Content

Topics are likely to include:
Introduction to Natural Resource Constraints.
Ecological Systems over Time.
Population Models.
Optimal Resource Management over Time.
Renewable Resource Economics.
Non-Renewable Resource Economics.
Fisheries and Forests: Optimal Harvesting, Stock Recovery, and Assessing Extinction.

Learning Outcomes

Subject-specific Knowledge:

Be able to interpret scholarly literature at the frontier of research in natural resource management;
Have an advanced knowledge and critical understanding of the contribution of economic analysis to problems in natural resource economics.
Have a critical knowledge of, and be able to engage in advanced discussion of, current theoretical and empirical research in the field of natural resource economics.

Subject-specific Skills:

Have acquired relevant analytical techniques for own analysis of resource problems.
Be able to apply advanced problem-solving and analytical skills to complex issues in natural resource management.

Key Skills:

Written Communication;
Planning, Organising and Time Management;
Problem Solving and Analysis;
Using initiative;
Numeracy;
Computer Literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

A combination of lectures, seminars and guided reading will contribute to achieving the aims and learning outcomes of this module. The seminars will train the students to solve analytical problems in natural resource management, identify and critically discuss its applications as well as giving students opportunity to identify research questions.
The summative written examination will test students' knowledge and critical understanding of the material covered in the module, their analytical and problem-solving skills.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total	Monitored
Lectures	10	1 per week	2 hour	20
Seminars	4	Fortnightly	1 hour	4	Yes
Revision Session	1	Once	2 hour	2
Preparation and Reading				124
Total				150

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / Duration	Element Weighting	Resit Opportunity
One written online examination	2 hours, 3,000 words max	100	Same

Formative Assessment

One formative assessment to prepare students for the summative exam.

More information

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